Huraian
⋅ Opportunity on GBPNZD 4hr chart for a short trade.
Reasons for entry:
- Resistance at EMA
- Bearish candle
- RSI overbought
- in line with current trend
Exit strategy:
- Stop 1.2035
- Target 1.9905
- Reward:Risk = 3:1
Don't risk more than 2% on any trade.